TY - THES ID - 139104304 TI - Performance comparison of Euro area inflation-linked bond funds and ordinary bond funds AU - Jansen, Peter AU - Wuyts, Gunther AU - Lierman, Frank AU - KU Leuven. Faculteit Economie en Bedrijfswetenschappen. Opleiding Master of Business Economics PY - 2021 PB - Leuven KU Leuven. Faculteit Economie en Bedrijfswetenschappen DB - UniCat UR - https://www.unicat.be/uniCat?func=search&query=sysid:139104304 AB - Inflation has been around for a long time, yet it has not been of significant influence in the Euro area for the past decades. With the Covid-19 crisis currently unfolding, inflation could well be the most central theme in the coming years. This dissertation proposes a performance comparison of inflation-linked bond funds and sovereign bond funds through different inflation levels, focusing on the Euro area. Using time-series regressions, we analysed the performance of 92 inflation-linked bond funds and 261 sovereign bond funds. The results show no significant difference between both fund types throughout the entire period of January 2002 until March 2021. However, during a sub-period, including all higher than average inflation periods, ILB funds outperform sovereign bond funds. The opposite result appears during the lower than average inflation period. Finally, during the crisis period, ILB funds outperform sovereign bond funds, but in the non-crisis period, no significant difference is found. ER -